50 SKY SHADES - World aviation news

Intro Aviation confirms it will sell Austrian regional Intersky

Download: Printable PDF Date: 17 Sep 2015 14:16 categories:
Publisher:
Intro Aviation confirms it will sell Austrian regional Intersky - Finance publisher
Tatjana Obrazcova
Source: ATW

German investor Intro Aviation wants to sell Austria-based regional Intersky this month, the company confirmed in a statement.

“We are in close talks with an investor that wants to acquire 100% of Intersky,” a company shareholder told ATWrecently, declining to name the interested buyer.

Intro Aviation, which bought into Intersky in 2012, also owns Irish regional CityJet and its Belgium-based VLM subsidiary.

“It is part of our business model to buy and sell airlines,” Intro Aviation MD Peter Onken said in a statement, adding that discussions with remaining shareholders are on hold.

The company operates three Bombardier Dash 8-Q300s and two ATR-72-600s. “Leasing rates for our ATRs are very costly and we want to lease these aircraft to other carriers,” CEO Roger Hohl told ATW.

Intersky has established in 2001 by Austrian business woman Renate Moser. The company is 74.9% -owned by Intro Aviation GmbH. The remaining shares are held by several family members of Rolf Seewald, the former airline-founder of Rheintalflug, which was sold to Austrian Airlines in 2001.

Intersky operates from Germany’s Friedrichshafen Airport on regional routes within Europe.



Loading comments for Intro Aviation confirms it will sell Austrian regional Intersky...


Recommended

Extended contract for low-carbon sustainable aviation fuel - Gulfstream

Gulfstream Aerospace has extended its contract with World Fuel Services to continue providing the business-jet manufacturer with a steady supply of sustainable aviation fuel produced by World Ene...

Urgent Rescue Plan for UK Air Transport Needed

IATA outlined the need for an urgent rescue plan for UK aviation, in the face of an imminent unemployment catastrophe. The United Kingdom is experiencing an unprecedented air transport crisis...

New partnership: Jet Maintenance Solutions and Becker Avionics

JET MS has begun a partnership with Becker Avionics. “We are pleased to begin our partnership with Becker Avionics, a reputable and history-rich aircraft communication and navigation e...

Be the First to fly with an Electric Air Taxi

At Greentech Festival in Berlin Volocopter announced that the world's first public sale for electrical air taxi flight reservations has started. Effective immediately, Volocopter fans wo...